High Performance Films Market

High Performance Films Market Size

The market for high-performance films was worth more than $30 billion in 2015. It is expected to rise by more than 6% by 2024 because consumers are moving away from low-tensile and durable packaging materials. Its great resistance to chemicals and the expanding demand from industries like building, interior design, and food and drink may help the business grow even more.

The industry's share is likely to grow as more people want food and drink packaging that is light and easy to throw away. The growing demand for tetra pack products, which are easy to find in many sizes and shapes and easy to handle, may help businesses grow even more. The high-performance films market will grow because more people want to coat doors and windows to make them safer.

The films are made from polycarbonate, fluoropolymer, polyester, and nylon. The prices of these raw materials are connected to the crude oil index. The high-performance films industry may not grow as quickly because of political turmoil in the Middle East and changes in the crude oil index.

High Performance Films Market Analysis

In 2015, the market for high-performance polyester films was worth more than $20 billion. The industry landscape will grow because of rapid urbanization and more money being put into the construction and housing sectors. Also, the growth of retail chains in BRIC could be good for the firm. By 2024, the demand for nylon is expected to rise by more than 4% since it is used more and more in the automotive, construction, and food processing industries.

By 2024, the market share for polycarbonate high-performance films will be above 500 kilotons because they are durable, have a high glass transition temperature, and are good at resisting impacts. It is used to make construction materials, cars, planes, electrical parts, and data storage discs like DVDs, CDs, and Blu-ray discs.

The barrier high performance films market is expected to expand a lot since it is resistant to moisture and oxidation. It is used in solar cells and semiconductors. The microporous application segment is expected to reach more than 4% by 2024 because it repels water, lets air in, and holds moisture. The firm may increase in the future because there is a growing need for waterproofing materials in home building.

By 2024, safety and security apps are expected to be worth more than $5 billion. More money being spent on construction and stricter rules for building infrastructure in the Middle East and BRICS countries are likely to improve the business picture.

Packaging applications were valued at over USD 20 billion in 2015. It finds applications in oxygen scavenging, vacuum packaging, and low oxygen technologies in meat processing industries. High performance films market share demand from electrical and electronics will witness strong growth on account of its low friction coefficient, chemical inertness, dielectric and low moisture absorption properties. It finds applications in cable insulation, microphone and photovoltaic. The global revenue generated from construction is predicted to reach over USD 3 billion by 2024.

North America is expected to exceed USD 16 billion by 2024 owing to expansion of food and beverage facilities. Increasing demand for barrier films from semiconductor and solar cell manufacturing industries subject to its moisture resistant property may propel the growth of high-performance films market.

Asia Pacific high performance films market size for 2015 was valued above USD 9 billion. Rising automobile production primarily in China and India coupled with availability of cheap skilled labour and low manufacturing cost is expected to augment the industry landscape.

High Performance Films Market Share

Key players in high performance films industry include

• Dow Chemical
• Bernis
• Evonik
• Du Pont
• Covestro (Bayer Material Science) and Eastman
• Clopay Plastic
• Sealed Air Corporation
• Honeywell
• 3M

Companies may undergo strategic collaborations or partnership with third party vendors such as, wholesalers and vendors. In 2012, Eastman Chemical Company collaborated with Solutia with the aim to expand its geographical presence

Industry Background

Nylon films are primarily used for packaging, automotive, personal care and electronics industries. High Nylon cost over other polymers such as, polycarbonate and polyester may hamper the business growth in future. Excellent stiff resistance and high durability property of polyester films makes it favourable for packaging industry. Moreover, It is widely used in electronics, construction and food packaging industry owing to its easily printable features. Increasing demand for fluoropolymer films from aerospace industry owing to its high mechanical toughness, excellent thermal and corrosion resistance properties.

High performance films market report includes in-depth coverage of the industry with estimates & forecast in terms of volume and revenue in Kilo Tons and USD Million from 2013 to 2024, for the following segments

By Product

• Polyester
• Nylon
• Fluoropolymer
• Polycarbonate
• Others (PI, PP, COC, PEN)

By Application

• Barrier films
• Safety and security films
• Decorative
• Microporous
• Others

By End Use

• Packaging
• Personal care products
• Electrical & electronic
• Automobiles
• Construction

The above information is provided on a regional and country basis for the following

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa